\"Our first priority is to ensure everyone remains healthy and safe in every country we operate in. We believe we should be focused on making our company strong again, and to achieve that, we must do it together,\" says the spokesperson of Tata Steel's European operations

Most leading Tata companies, including Tata Power, Tata Steel and Tata Motors, are burdened by debt, making the group overdependent on TCS, its sole money spinner

The Tata group chairman N Chandrasekaran recently told a British Newspaper that Tata Steel, India cannot continue funding the mounting losses at TSE's Port Talbot steelworks in the UK

The gross debt of Tata Steel group increased 10.6 per cent to Rs 1.12 lakh crore in the first two quarters of this financial year. The net debt stood at Rs 1.07 lakh crore in September 2019

According to Tata Steel, Executive Director and CFO Koushik Chatterjee, the steel maker had set a target of reducing gross debt by USD 1 billion in FY20; As on March 31, 2019, the company had a net debt of Rs 1 trillion

Cumulative operational losses of Tata Steel Europe stand at Rs 48,000 crore over 10 years against the group debt at Rs 95,000 crore

The affirmation of Tata Steel's ratings follows confirmation by the European Commission that it has rejected a proposed joint venture (JV) with thyssenkrupp AG on antitrust concerns

'The cancellation of the joint venture will leave Tata Steel exposed to the weaker and more volatile performance of the European operations,' said S&P

Tata Steel and ThyssenKrupp had signed definitive agreements in June 2018 to combine their steel businesses in Europe to create a 50-50 pan European joint venture company

According to reports, both steelmakers will have to sell some of their assets to get approval from European agencies as the joint venture company will end up holding more than a specified market share in some of their business areas

German steel giant ThyssenKrupp on Wednesday said that it has applied for an eight-day extension to complete ongoing negotiations with the European Commission over its planned merger with Tata Steel.

In June 2018, Tata Steel and Thyssenkrupp AG signed definitive agreements to combine their European steel businesses in a 50/50 Joint Venture.

The joint venture with German Giant Thyssenkrupp AG in early July was expected to serve as a rescue line for Tata Steel Europe.

The CEO of German industrial giant Thyssenkrupp on Thursday announced his resignation, just days after he hailed the \"historic\" merger of the company's steel-making business with Tata Steel.

The JV, which has been under discussions since September last year, combines the European steel businesses of the Indian steel major with the German firm to create Thyssenkrupp Tata Steel BV.

Tata Steel Ltd on Tuesday promoted T.V. Narendran as chief executive officer and managing director globally. Narendran, 52, a company veteran who joined the Tata ranks in 1988, was serving as managing director (India and South East Asia) for the past four years.